bank · license · billion (банк · лицензия · млрд)
On June 10, the Central Bank proposed tripling the minimum capital requirement for banks with a universal license—from 1 billion to 3 billion rubles—and for those with a basic license—from 300 million to 1 billion rubles. 'Beyond the top 20 banks, there are classic banks.'
Consensus
- The current number of banks in Russia is excessive for the economy according to Vladimir Verkhozhinsky.
- Only top-20 banks are considered viable, with others expected to either lose licenses or exit the market.
- Leading financial institutions should not be classified as traditional banks but rather as fintechs or ecosystems.
Coverage (2 sources)
Key entities